USDJPY Forecast
The USDJPY had another indecisive movement yesterday. As you can see on my H1 chart below price slipped below the bullish channel but still unable to make a clear break below the bullish channel so far. The bias remains neutral in nearest term. Immediate resistance is seen around 102.20. A clear break above that area could trigger further bullish pressure testing 103.00 region. On the downside, key support is seen around 101.50 – 101.15. A clear break and daily close below that area would expose 100.00 – 99.50. Overall I remain bearish.


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